Salesforce co-CEO Marc Benioff sold $53M in common stock

Jun. 30, 2022 5:43 AM ETSalesforce, Inc. (CRM)By: Niloofer Shaikh, SA News Editor14 Comments
  • Salesforce (NYSE:CRM) disclosed that its co-CEO Marc Benioff has sold 302K shares of common stock on 28 June 2022.
  • As per regulatory filing, shares were sold in multiple transactions at prices ranging from $171.45 to $182.07 for total consideration of $53M as part of option exercise.
  • Stock dips 2.3% premarket.
  • A quick look at the company's ownership structure:
  • CRM gets a Strong Buy rating from Wall Street Analysts whereas SA Quant rating system says to Hold.

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